Of course, I’m kidding. We are not selling our stocks and we are not preparing for doomsday. But, did my sensational title get your attention? I thought it might!
It will soon be the 10-year anniversary of the Global Financial Crisis when, in early October 2007, the S&P 500 Index hit what was its highest point before losing more than half its value over the next year and a half.
Well, what can I say - North Korea. Wall Street took it on the chin this week as a war of words between the U.S. and North Korea prompted investors to take some profits on the heels of the stock market's most recent run to new record highs.
The stock market got off to a slow start this week, but Fed Chair Janet Yellen's semiannual testimony before Congress sparked a rally in the midweek session that lingered all the way into Friday's closing bell.
We’ve had a nice run in the stock market the last couple of years, so inevitably there has been much discussion in the news recently about the new nominal highs.
October 13, 2017 Weekly Market Recap